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Last Updated: April 2, 2026, 3:27 am
Author: Getaka|Social: XLinkedIn

Oriental Aromatics Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹9,357.99Undervalued by 3,719.59%vs CMP ₹245.00

P/E (1,116.0) × ROE (5.3%) × BV (₹197.00) × DY (0.20%)

₹1,315.48Undervalued by 436.93%vs CMP ₹245.00
MoS: +81.4% (Strong)Confidence: 37/100 (Low)Models: 3 Under, 1 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹3,978.4729%Under (+1523.9%)
Graham NumberEarnings₹31.2321%Over (-87.3%)
Net Asset ValueAssets₹196.369%Over (-19.9%)
EV/EBITDAEnterprise₹231.9512%Fair (-5.3%)
Earnings YieldEarnings₹2.209%Over (-99.1%)
ROCE CapitalReturns₹622.0012%Under (+153.9%)
Revenue MultipleRevenue₹277.337%Under (+13.2%)
Consensus (7 models)₹1,315.48100%Undervalued
Key Drivers: EPS CAGR -57.5% drags value — could be higher if earnings stabilize. | P/E of 1,116 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -57.5%

*Investments are subject to market risks

Investment Snapshot

46
Oriental Aromatics Ltd scores 46/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health55/100 · Moderate
ROCE 7.9% WeakROE 5.3% WeakD/E 0.13 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 74.2% Stable
Earnings Quality50/100 · Moderate
OPM stable around 8% Steady
Quarterly Momentum40/100 · Moderate
Revenue (4Q): +12% YoY GrowingProfit (4Q): -98% YoY DecliningOPM: 5.3% (down 4.9% YoY) Margin pressure
Industry Rank25/100 · Weak
P/E 1,116.0 vs industry 143.3 Premium to peersROCE 7.9% vs industry 13.8% Below peers3Y sales CAGR: 2% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:27 am

Market Cap 826 Cr.
Current Price 245
Intrinsic Value₹1,315.48
High / Low 432/227
Stock P/E1,116
Book Value 197
Dividend Yield0.20 %
ROCE7.89 %
ROE5.31 %
Face Value 5.00
PEG Ratio-19.41

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Oriental Aromatics Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Oriental Aromatics Ltd 826 Cr. 245 432/2271,116 1970.20 %7.89 %5.31 % 5.00
Fairchem Organics Ltd 613 Cr. 471 1,103/428194 2261.59 %10.2 %7.51 % 10.0
GFL Ltd 430 Cr. 39.2 81.0/37.1365 2300.00 %1.89 %2.96 % 1.00
Gujchem Distillers India Ltd 165 Cr. 103 437/90.0179 3920.10 %0.21 %0.09 % 1.00
IVP Ltd 127 Cr. 123 207/1109.06 1390.82 %9.99 %8.44 % 10.0
Industry Average4,113.08 Cr1,348.11143.25384.560.50%13.78%9.96%7.56

All Competitor Stocks of Oriental Aromatics Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 199.42195.34195.69226.82197.41216.48215.76236.77222.57253.16225.52271.33251.56
Expenses 185.39186.16194.76215.81183.30195.60193.65208.15200.02233.89207.46254.09238.34
Operating Profit 14.039.180.9311.0114.1120.8822.1128.6222.5519.2718.0617.2413.22
OPM % 7.04%4.70%0.48%4.85%7.15%9.65%10.25%12.09%10.13%7.61%8.01%6.35%5.26%
Other Income 0.610.740.572.812.161.741.692.100.090.240.273.002.06
Interest 4.163.154.605.466.873.434.066.346.368.628.079.729.30
Depreciation 4.984.974.814.944.965.084.895.166.407.237.707.817.82
Profit before tax 5.501.80-7.913.424.4414.1114.8519.229.883.662.562.71-1.84
Tax % 30.91%33.89%-23.64%29.24%41.22%28.28%26.13%23.10%27.73%60.93%80.47%73.06%4.35%
Net Profit 3.801.19-6.052.422.6110.1210.9814.787.141.420.500.74-1.92
EPS in Rs 1.130.35-1.800.720.783.013.264.392.120.420.150.22-0.57

Last Updated: March 3, 2026, 3:55 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 7:16 am

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4585067557607098738548429351,002
Expenses 400441639633553780799795841934
Operating Profit 57651161271569354479468
OPM % 13%13%15%17%22%11%6%6%10%7%
Other Income 6-0-27146736
Interest 5713122413202536
Depreciation 14151819171719202431
Profit before tax 444383103137762714487
Tax % 37%42%31%16%26%30%28%35%28%
Net Profit 2825578610253209341
EPS in Rs 13.547.4316.9825.6130.2915.845.872.7010.200.22
Dividend Payout % 3%7%6%10%8%9%9%18%5%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-10.71%128.00%50.88%18.60%-48.04%-62.26%-55.00%277.78%
Change in YoY Net Profit Growth (%)0.00%138.71%-77.12%-32.27%-66.64%-14.22%7.26%332.78%

Oriental Aromatics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:4%
3 Years:2%
TTM:10%
Compounded Profit Growth
10 Years:%
5 Years:-17%
3 Years:-14%
TTM:-9%
Stock Price CAGR
10 Years:15%
5 Years:1%
3 Years:-12%
1 Year:-33%
Return on Equity
10 Years:%
5 Years:7%
3 Years:3%
Last Year:5%

Last Updated: September 5, 2025, 12:00 pm

Balance Sheet

Last Updated: December 4, 2025, 1:45 am

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 581717171717171717
Reserves 311329375447540588608616646645
Borrowings 1051321835178140231206353398
Other Liabilities 691039893110120130157129133
Total Liabilities 4905736736087458659869951,1451,193
Fixed Assets 211212245236236265273270480467
CWIP 15401213255317357
Investments 0000000000
Other Assets 264321428370496574661551660720
Total Assets 4905736736087458659869951,1451,193

Reserves and Borrowings Chart

Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 16-2318117-1-22142-34
Cash from Investing Activity + -31-12-10-35-59-46-99-86
Cash from Financing Activity + 1536-159165178-48121
Net Cash Flow 0012-2-99-5-0
Free Cash Flow -15-36171-18-60-6943-121
CFO/OP 51%-0%162%36%23%-23%309%-20%

Free Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-48.00-67.00-67.0076.0078.00-47.00-177.00-159.00-259.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 809777739781817874
Inventory Days 141148149124211183233177238
Days Payable 416839436652555250
Cash Conversion Cycle 180177187154242213259203262
Working Capital Days 11790871091541511399995
ROCE %11%19%21%24%12%5%4%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.17%74.17%74.17%74.17%74.17%74.17%74.17%74.17%74.17%74.17%74.17%74.17%
FIIs 0.13%0.13%0.11%0.10%0.10%0.10%0.05%0.08%0.07%0.02%0.03%0.03%
DIIs 0.78%0.75%0.61%0.39%0.39%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 24.91%24.96%25.11%25.34%25.33%25.72%25.78%25.76%25.76%25.82%25.81%25.79%
No. of Shareholders 27,02426,56126,73026,54525,87525,71525,89827,21327,11826,25825,73425,032

Shareholding Pattern Chart

No. of Shareholders

Oriental Aromatics Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
PGIM India Small Cap Fund 190,192 0.46 6.71190,1922025-04-22 15:56:550%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 10.202.715.8715.8430.29
Diluted EPS (Rs.) 10.202.715.8715.8430.29
Cash EPS (Rs.) 17.248.5911.6420.8935.48
Book Value[Excl.RevalReserv]/Share (Rs.) 197.00187.90185.70179.84165.59
Book Value[Incl.RevalReserv]/Share (Rs.) 197.00187.90185.70179.84165.59
Revenue From Operations / Share (Rs.) 275.83248.53252.30258.16210.63
PBDIT / Share (Rs.) 28.7216.1117.8128.8046.57
PBIT / Share (Rs.) 21.6910.2312.0423.7541.38
PBT / Share (Rs.) 14.154.188.1722.5540.70
Net Profit / Share (Rs.) 10.202.715.8715.8430.29
NP After MI And SOA / Share (Rs.) 10.202.715.8715.8430.29
PBDIT Margin (%) 10.416.487.0511.1522.11
PBIT Margin (%) 7.864.114.779.1919.64
PBT Margin (%) 5.121.683.238.7319.32
Net Profit Margin (%) 3.691.082.326.1314.38
NP After MI And SOA Margin (%) 3.691.082.326.1314.38
Return on Networth / Equity (%) 5.171.433.158.8018.29
Return on Capital Employeed (%) 9.484.805.8811.7623.74
Return On Assets (%) 2.990.912.006.1613.68
Long Term Debt / Equity (X) 0.110.080.050.070.00
Total Debt / Equity (X) 0.530.320.360.230.13
Asset Turnover Ratio (%) 0.860.840.911.081.05
Current Ratio (X) 1.681.902.152.993.02
Quick Ratio (X) 0.710.900.911.451.58
Inventory Turnover Ratio (X) 2.891.651.932.392.13
Dividend Payout Ratio (NP) (%) 4.9018.480.009.478.25
Dividend Payout Ratio (CP) (%) 2.905.820.007.177.04
Earning Retention Ratio (%) 95.1081.520.0090.5391.75
Cash Earning Retention Ratio (%) 97.1094.180.0092.8392.96
Interest Coverage Ratio (X) 3.812.664.6023.9667.83
Interest Coverage Ratio (Post Tax) (X) 2.351.452.5214.1845.12
Enterprise Value (Cr.) 1267.801198.421395.232504.872032.54
EV / Net Operating Revenue (X) 1.371.431.642.882.87
EV / EBITDA (X) 13.1222.1023.2825.8412.97
MarketCap / Net Operating Revenue (X) 0.991.201.392.732.79
Retention Ratios (%) 95.0981.510.0090.5291.74
Price / BV (X) 1.401.591.893.923.54
Price / Net Operating Revenue (X) 0.991.201.392.732.79
EarningsYield 0.030.010.010.020.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Oriental Aromatics Ltd. is a Public Limited Listed company incorporated on 29/03/1961 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L17299MH1972PLC285731 and registration number is 285731. Currently Company is involved in the business activities of Manufacture of synthetic aromatic products. Company's Total Operating Revenue is Rs. 927.97 Cr. and Equity Capital is Rs. 16.83 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Chemicals - Organic - Others133 Jehangir Building, 2nd Floor, Mumbai Maharashtra 400001Contact not found
Management
NamePosition Held
Mr. Dharmil A BodaniChairman & Managing Director
Mr. Satish Kumar RayExecutive Director - Operations
Mr. Shyamal A BodaniExecutive Director
Mr. Cyrus J ModyInd. Non-Executive Director
Ms. Sapna TulsianiInd. Non-Executive Director
Mr. Deepak R RamachandraInd. Non-Executive Director

FAQ

What is the intrinsic value of Oriental Aromatics Ltd and is it undervalued?

As of 08 April 2026, Oriental Aromatics Ltd's intrinsic value is ₹1315.48, which is 436.93% higher than the current market price of ₹245.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (5.31 %), book value (₹197), dividend yield (0.20 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Oriental Aromatics Ltd?

Oriental Aromatics Ltd is trading at ₹245.00 as of 08 April 2026, with a FY2026-2027 high of ₹432 and low of ₹227. The stock is currently near its 52-week low. Market cap stands at ₹826 Cr..

How does Oriental Aromatics Ltd's P/E ratio compare to its industry?

Oriental Aromatics Ltd has a P/E ratio of 1,116, which is above the industry average of 143.25. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Oriental Aromatics Ltd financially healthy?

Key indicators for Oriental Aromatics Ltd: ROCE of 7.89 % is on the lower side compared to the industry average of 13.78%; ROE of 5.31 % is below ideal levels (industry average: 9.96%). Dividend yield is 0.20 %.

Is Oriental Aromatics Ltd profitable and how is the profit trend?

Oriental Aromatics Ltd reported a net profit of ₹34 Cr in Mar 2025 on revenue of ₹935 Cr. Compared to ₹53 Cr in Mar 2022, the net profit shows a declining trend.

Does Oriental Aromatics Ltd pay dividends?

Oriental Aromatics Ltd has a dividend yield of 0.20 % at the current price of ₹245.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Oriental Aromatics Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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